Yum Brands Inc (YUM) $61.71 -0.90%
Yum Brands (YUM) loses 60 cents to $61.66 and recent trades on the stock include a multi-exchange sweep of 1,411 Feb 60 puts at the 94-cent asking price. 11,536 now traded against 2,458 in open interest. 3,500 Mar 55 puts also changed hands and implied volatility in the options on the stock is moving up 11 percent to 23.5. Bearish trading in YUM today might be a play on earnings, due Feb 6. The stock is up more than 25 percent since the company last reported earnings on 10/4 and set a new 52-week high of $62.66 last Wednesday.
Category: All Stocks, Large Cap Stocks, Restaurants
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
